Union Pacific Co. (NYSE:UNP) Shares Sold by BancFirst Trust & Investment Management

BancFirst Trust & Investment Management lessened its stake in Union Pacific Co. (NYSE:UNP) by 3.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,670 shares of the railroad operator’s stock after selling 83 shares during the period. Union Pacific accounts for approximately 0.2% of BancFirst Trust & Investment Management’s portfolio, making the stock its 23rd largest position. BancFirst Trust & Investment Management’s holdings in Union Pacific were worth $652,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. OLD Point Trust & Financial Services N A acquired a new stake in Union Pacific in the 4th quarter worth about $25,000. Richardson Capital Management LLC bought a new position in Union Pacific in the 1st quarter worth approximately $26,000. Raleigh Capital Management Inc. lifted its holdings in Union Pacific by 211.4% in the fourth quarter. Raleigh Capital Management Inc. now owns 109 shares of the railroad operator’s stock worth $27,000 after purchasing an additional 74 shares during the period. Strategic Investment Solutions Inc. IL acquired a new position in shares of Union Pacific during the second quarter valued at approximately $28,000. Finally, Scarborough Advisors LLC acquired a new stake in shares of Union Pacific in the fourth quarter valued at $29,000. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Wall Street Analysts Forecast Growth

UNP has been the topic of several recent analyst reports. Royal Bank of Canada boosted their target price on shares of Union Pacific from $275.00 to $288.00 and gave the company an “outperform” rating in a research note on Monday. Bank of America lowered their target price on Union Pacific from $273.00 to $270.00 and set a “buy” rating on the stock in a research note on Tuesday, September 24th. BMO Capital Markets dropped their target price on Union Pacific from $280.00 to $275.00 and set an “outperform” rating on the stock in a report on Friday, September 20th. Stifel Nicolaus decreased their price target on shares of Union Pacific from $267.00 to $265.00 and set a “buy” rating for the company in a report on Wednesday, July 17th. Finally, Benchmark reiterated a “buy” rating and issued a $266.00 price objective on shares of Union Pacific in a research note on Monday, July 29th. Eight investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Union Pacific presently has an average rating of “Moderate Buy” and a consensus target price of $259.32.

Union Pacific Stock Down 0.9 %

Shares of NYSE UNP opened at $243.35 on Thursday. The business has a fifty day moving average of $246.10 and a two-hundred day moving average of $238.86. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.86 and a current ratio of 1.05. Union Pacific Co. has a 52-week low of $199.33 and a 52-week high of $258.66. The stock has a market cap of $148.25 billion, a PE ratio of 23.22, a PEG ratio of 2.25 and a beta of 1.05.

Union Pacific (NYSE:UNP) last released its quarterly earnings results on Thursday, July 25th. The railroad operator reported $2.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.71 by $0.03. Union Pacific had a return on equity of 42.62% and a net margin of 26.90%. The business had revenue of $6.01 billion during the quarter, compared to analysts’ expectations of $6.05 billion. During the same period in the previous year, the business posted $2.57 earnings per share. The firm’s revenue for the quarter was up .7% compared to the same quarter last year. As a group, equities research analysts expect that Union Pacific Co. will post 11.1 earnings per share for the current fiscal year.

Union Pacific Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, August 30th were paid a dividend of $1.34 per share. The ex-dividend date was Friday, August 30th. This is a boost from Union Pacific’s previous quarterly dividend of $1.30. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.20%. Union Pacific’s payout ratio is 51.15%.

Insider Activity at Union Pacific

In other Union Pacific news, President Elizabeth F. Whited sold 3,552 shares of the stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $246.59, for a total value of $875,887.68. Following the sale, the president now directly owns 64,945 shares in the company, valued at $16,014,787.55. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.28% of the stock is currently owned by corporate insiders.

About Union Pacific

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates in the railroad business in the United States. The company offers transportation services for grain and grain products, fertilizers, food and refrigerated products, and coal and renewables to grain processors, animal feeders, ethanol producers, renewable biofuel producers, and other agricultural users; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, petroleum, liquid petroleum gases, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.